Every read JAFX AI made on the USD/CAD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:03 UTC
Uptrend, momentum slowing · RSI 53 · price 1.41676
Consolidating below range high after 4-month advance.
Four-month uptrend off the early-April 1.3550 low, with a mid-June breakout clearing 1.4000 and a peak at 1.4248 late June — price has held above a rising EMD(50) throughout. The pair has since gone sideways for roughly three weeks, consolidating between the 1.4150 range base and the 1.4250 range high around the 1.4200 psych level, with the latest sessions slipping back under EMA20 as RSI cools out of the highs. CAD has failed to capitalise on a four-year-high trade surplus, leaving USDCAD pinned near fair value while oil and USD drive residual moves.
Support: 1.4150, 1.4110, 1.3990
Resistance: 1.4250, 1.4200
What it said to watch
- D1 close below 1.4150 breaks the three-week range base and opens the 1.4110 channel base
- Close above 1.4250 range high resumes the uptrend
- Canada jobs Fri 12:30 UTC and US CPI Jul 14 could materially shift this read
21:03 UTC
Uptrend, momentum flattening near highs · RSI 51 · price 1.41676
Higher highs since March, now consolidating below 1.4250.
USDCAD has trended higher since the early-March 1.3525 low, holding above the D1 EMt(50) through the whole advance, with the June leg accelerating past 1.4100 to a 1.4250 top. The last two-plus weeks are a tight consolidation between 1.4150 and 1.4250, price now sitting near the EMA20 around 1.4167 as the pair pins around desk fair-value amid soft oil and a two-way USD. A record Canadian trade surplus barely moved the Loonie, leaving the range intact into Friday's jobs report.
Support: 1.4150, 1.4110
Resistance: 1.4200, 1.4250
What it said to watch
- Canada Employment Fri Jul 10 12:30 UTC (f/c +10K, UR 6.6%) is the next catalyst for the range
- Daily close below 1.4150 swing low confirms a lower low and breaks the consolidation
- Daily close above 1.4250 prior high reopens the uptrend